Southern First Bancshares, Inc. · NASDAQ:SFST
Southern First Bancshares — Shareholder Meeting (May 2018)
12 slides from Southern First Bancshares's shareholder meeting presentation, May 16, 2018
Slide 1: Southern First Bancshares, Inc. Annual Shareholder's Meeting
FIRST Southern First Bancshares, Inc. Annual Shareholder’s Meeting
Slide 2: Forward Looking Statements
Forward Looking Statemen During the course of this presentation, management may make projections and forward-looking statements regarding events or the future financial performance of Southern First Bancshares, Inc. We wish to caution you that these forward- looking statements involve certain risks
Slide 3: Corporate Profile: Southern First markets
Corporate Profile: NORTH CAROLINA rateon @ Greensboro wnt _ SOUTH Gow CAROLINA Southern First markets: Greenville, SC: 2000 Columbia, SC: 2007 Charleston, SC: 2012 Raleigh, NC: 2016 GEORGIA Atlanta, GA: 2017 Greensboro, NC: 2018
Slide 4: Overview
Overview: — Headquartered in Greenville, South Carolina — 18 year old bank — Offices in Greenville, Columbia, Charleston, Raleigh, Atlanta * Greensboro office pending ¢ Financial snapshot (as of March 31, 2018) — Total assets: $1.7 billion ROAA: 1.28% * ROAE: 13.88% * NPA’s: 43% Efficiency ratio: 56
Slide 5: Valuation, Tax Reform and Growth
Valuation: ¢ The value of your SFST stock improved 14% Tax reform: ¢ Net income of $13.0 million in 2017 reflect the deferred tax asset adjustment of $2.4 million in Q4 2017 Net income would have been $15.5 million without the deferred tax asset adjustment — 19% increase over 2016 net income Growth:
Slide 6: Stock Offering, Infrastructure and Talent
Stock Offering: * Completed follow-on stock offering of $25 million priced at $32.75 per share to support growth Infrastructure: Announced entry into the Atlanta, GA / Buckhead market Completed headquarter facility for Charleston, SC market Completed headquarter facility for Raleigh, NC market Inves
Slide 7: Focus on creating a world-class client experience
Focus on creating a world-class client experience Recruit and develop superior talent and continue to invest in our unique culture Expand our risk management framework Invest in strategic infrastructure and technology Grow our client relationships and generate superior performance
Slide 8: Strategic Vision: Q1 2018 financial highlights
Strategic Vision Q1 2018 financial highlights: Net income increased to $5.2 million — $.67 per diluted share Return on average assets = 1.28% Return on average equity = 13.88% qa Total deposits increased 26% to $1.52 billion @ Loans increased 20% to $1.46 billion @ Book value increased 20% to $20.96
Slide 9: : am ie) q ie) S) 7) = oO g oy)
: am ie) q ie) S) 7) = oO g oy)
Slide 10: SFST Valuation
SFST Valuation Strong market appreciation (as of May 9", 2018) 1 year appreciation: SFST:34% — Bank Index: 16% 3 year appreciation: SFST:165% Bank Index: 44% SFST 4 Price Change (56)
Slide 11: Growing Shareholder Value
Southern First Bancshares Growing Shareholder Value
Slide 12: Thank you
SE FIRST Southern First Bancshares, Inc. Annual Shareholder’s Meeting Thank you for your, i
Southern First Bancshares — Shareholder Meeting (May 2018) on 6ix